St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-05-22
Dealers Doing Nothing But Catching on
to New Manufacturing
B0oms.
Values Rapidly Approaching in and
About the Fortunate Centers
SO Selected.
Several New Office Buildings and
Wholesale Blocks to Go Up
at Once.
Gossip Picked Up About the Offices of
Dealers in Dirt and the Alb
Stract Hen.

AHCic Has pccn mourning startling In
real estate circles the past week. The
transfers of the week have amounted to
81, 2l6, S91 so, to which should be added
Sl,OO1 ZOO, the valuation of the Wash
burn mill property, which was formally
transferred to the heirs by the executors
OF the G. G. Washburn estate. The
above sum does not include the $4,000
paid by Messrs. E. G. Holmes and o. d.
Brown for the old fair grounds. Indeed,
aside from the Washburn transfer noted,
the deals of the week were mostly in
small sums, which is an encouraging
indication, showing that real estate in
Tesf u are being made by all classes.
n. 4. Laid u Co. report sale of seven
lots on Park place, Ideal addition. for
$1,000. Marsh & Bartlett sold seven
lots in the same addition, ON Chicago
avenue, for $4,000. l.. +. Menage bought
loo feet fronting on Sixth street, corner
OF First avenue north, for $40, 500. A. j.
Boardman sold four lots in Minnehaha
park for $4,000 cash.
~
The necessary bonus has been raised
and, according to an agreement previ-
ouSly entered into, the motor line will
be IN operation out NicOllet avenue to
the Washburn home within ninety days.
The agreement cOntemplateS hourly
trains from 6 a. m. to II p. m.
The general tone of the market is good
and inquiries continue active for both
inside property and suburban acres.
n 0thing definite has developed during
the week in the way of additional man
ufacturing concerns. Negotiations are
pending for the removal of large es-
adjustment to this city, and Hopkins
and Fridley are offering splendid in
ducementS for its location. At
the present stage of negotia-
be gained by going into details, and the
plans of those directly interested might
be embarrassed. Rumors are also afloat
regarding the establishment of con-
Germ of the very first Importance in one
of the suburban districts, but nothing
definite can be announced to-day.
Speaking of the anxiety of the news
papers to print the details of all arrange
mentS for establishing manufactures in
the city, prominent investor said yes
ter0hy: "Of course each daily is anx-
lOuS to be the first to announce any adj
dltion to the city's good things, and that
is all right. The trouble is the liability
invariably drive away the concerns, or
call the attention of rival cities to them.
AS L said to the editor of one of the pa
pers the other day, it takes money
city. Wind will not do it. We
must go down into our pockets and. hand
out the solid caSh-nOt only that, we
must especially considerer the interests
OF the parties whom we seek to bring
here; if we allow the newspapers to cir
culate incomplete or premature state
ments, we are very apt to loose the
things we seek.
/ sOnly last week a gentleman represent
ing great establishment came here and
began negotiations for the removal of
his factory here. 1t is large factory
and would have been of very great
value to our city. The gentleman was
a large stakeholder but did not hold a
majority of the stock. The scheme was
preached at the Real Estate Exchange
and subscriptions to the stock were be-
ing rapidly taken, when unfortunately
morning paper heard of it and an
nOunced that twas secured for the city.
The announcement was seen in the city
where the factory now is and active
and effective steps were taken which
prevented its removal to our city. So if
the newspapers would consult the best
interests of the city, let them''remember
that, so far as proposed manufacturing
and jobbing establishments, silence is
golden"
~
r. B. Langdon has instructed W. ii.
Dennis, the architect, to prepare plans
for building to be occupied by George
r. Newell IL Co. 1t will stand on
the northwest corner of Third street
and Seventh avenue north. The build
ing will be 127X132 feet on the ground
and five stories high, the first story of
granite and the upper stories of pressed
brick with stone trimmings.
There is comparatively little going on
in building; round among the archi-
tects yesterday failed to secure any
startling items. All said they had
nothing new, but to man they, with
their draughtSmen, were busy with pen
Gil and square. The removal of the
scaffolding from the front of the Henne-
pin avenue theater reveals facade
which is decided ornament to the city.
The North Star Shoe company's new
building on Third street will be a
beauty. The old frame structures on
the site of the new Mckinney block on
Washington avenue south are being
torn down.